Next (NXT)

Sector:

Retailers

Index:

FTSE 100

5,984.00p
   
  • Change Today:
    124.00p
  • 52 Week High: 8,426.00
  • 52 Week Low: 5,764.00
  • Currency: UK Pounds
  • Shares Issued: 129.76m
  • Volume: 259,694
  • Market Cap: £7,765m
  • RiskGrade: 153

Credit Suisse slashes price target on Next

By Michele Maatouk

Date: Tuesday 17 May 2022

LONDON (ShareCast) - (Sharecast News) - Credit Suisse slashed its price target on Next on Tuesday to 6,450p from 8,025p as it argued the stock is higher risk than it looks.
Following the retailer's first-quarter results, the bank cut its FY sales growth estimate from 7% to 6.5% and its pre-tax profit estimate from £866m to £830m, versus guidance of £830m. It said that given better weather in March/April, Q1 sales were "marginally disappointing".

It noted the shares are down 19% year-to-date, making it among the best performing stocks in its coverage, despite most ecommerce peers being de-rated to record lows, its credit exposure and its core mid-market family customer being "economically challenged".

"High margins provide protection from operating de-leverage, but the low short interest also shows the extent that the market is already discounting strong execution, especially in a challenging online environment," CS said.

CS said the next catalyst is the second-quarter update in August and that the downside risk relates to UK demand and inability to pass on higher prices. "On the upside, there is upside potential for guidance given Next's usual conservatism and favourable channel mix," it added.

The bank maintained its 'neutral' recommendation on the shares.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Next Market Data

Currency UK Pounds
Share Price 5,984.00p
Change Today 124.00p
% Change 2.12 %
52 Week High 8,426.00
52 Week Low 5,764.00
Volume 259,694
Shares Issued 129.76m
Market Cap £7,765m
RiskGrade 153

Next Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.27% below the market average74.27% below the market average74.27% below the market average74.27% below the market average74.27% below the market average
82.98% below the sector average82.98% below the sector average82.98% below the sector average82.98% below the sector average82.98% below the sector average
Price Trend
12.97% below the market average12.97% below the market average12.97% below the market average12.97% below the market average12.97% below the market average
49.02% above the sector average49.02% above the sector average49.02% above the sector average49.02% above the sector average49.02% above the sector average
Income
29.03% above the market average29.03% above the market average29.03% above the market average29.03% above the market average29.03% above the market average
48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average
Growth
78.05% above the market average78.05% above the market average78.05% above the market average78.05% above the market average78.05% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average

What The Brokers Say

Strong Buy 9
Buy 2
Neutral 10
Sell 0
Strong Sell 0
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Next Dividends

  Latest Previous
  Special Interim
Ex-Div 13-Jan-22 07-Jul-22
Paid 28-Jan-22 01-Aug-22
Amount 160.00p 127.00p

Trades for 01-Jul-2022

Time Volume / Share Price
17:21 5,361 @ 5,970.72p
16:35 77,169 @ 5,984.00p
16:29 18 @ 5,970.00p
16:29 30 @ 5,970.00p
16:29 19 @ 5,968.00p

Next Key Personnel

CEO Wolfson Aspley Guise
Finance Director Amanda James
Chair Michael J Roney

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